Govt of India slashes the GST rates for Movie Tickets, New Year Gift to Film Industry!

It is good news for film industry as a whole. Indian Government has slashed the GST rates for the tickets. 

For movie tickets priced below Rs. 100 the tax has been reduced from 18% to 12% and for tickets priced above Rs. 100 the tax has been reduced from 28% to 18%. 

This news has brought smiles to the film industry. Everyone has welcome the move. Big celebs such as Aamir Khan, Akshay Kumar and Ajay Devgn has even thanked the Govt by tweeting the news.

Heartfelt thank you to Honorable PM & the Govt of India for considering the request of the film industry for reduction in GST. If Indian cinema hopes to compete in the world market then we need the support of the Govt & Administration.
This is a great 1st step in that direction.

— Aamir Khan (@aamir_khan) December 22, 2018

The voice of the film industry was finally heard and immediate action taken, thanks to @narendramodi ji.

For movie tickets priced below Rs. 100 the tax has been reduced from 18% to 12% now and for tickets priced above Rs. 100 the tax has been reduced from 28% to 18% now.

— Ajay Devgn (@ajaydevgn) December 22, 2018

Quick action and how! Within a few days of our meeting with hon. Prime Minister @narendramodi ji, the Government addressed our concern...GST for movie tickets to be reduced. A welcome move for the industry and audiences as well.

— Akshay Kumar (@akshaykumar) December 22, 2018

Now hope that after this good news, theater owners pass the benefit to the theater going audiences by further reducing the ticket prices.

Full Official statement of Producers Guild of India on the new revised GST Rates -